521 E 7 Mile Rd, Detroit, MI
Secure light industrial space with operational mechanicals and ample power for a range of in-building uses.
- Added:
- Oct 4, 2024
- Days on Market:
- 625
- Last Refresh:
- Jun 16 at 3:59 am
Property Features for 521 E 7 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,160 SF
Listing agent Herbert J Hill Jr License #6504381646 (313) 341-2656
Listing office Herbert J Hill Realty Real Estate Master (313) 341-2656
Listing date Oct 4, 2024
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Herbert J Hill Realty Real Estate Master
HighLights
- About 3,100 SF property with space suitable for light industrial uses
- Plenty of power available for in‑building light industrial work
- Secure property with operational mechanicals
Overview
The property is located at 521 E 7 Mile Rd in Detroit, MI. Access and frontage details are not provided in the available information, so prospective buyers should confirm site access, loading, and any specific operational needs during due diligence.
For tenants, buyers, or operators looking for a compact, secure industrial footprint with power and working mechanicals, this layout may align with light industrial activity where in-place utilities matter. Because the listing does not provide specifics on zoning, overhead doors, ceiling clearances, or office buildout, interested parties should review the property in person and verify permitted uses, utility capacity, and configuration as part of their underwriting.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $7.32 |
| − Vacancy | −$1.2k | −$0.37 |
| EGI | $22.0k | $6.95 |
| − OpEx | −$6.6k | −$2.08 |
| NOI | $15.4k | $4.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0602998
- Latitude
- 42.348495
